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Wenzhou, known as the hub of privately owned businesses, plans to set up a 5 billion yuan (HK$6 billion) emergency fund to help bail out cash-starved small companies after crises involving underground banks.

Wenzhou, known as the hub of privately owned businesses, plans to set up a 5 billion yuan (HK$6 billion) emergency fund to help bail out cash-starved small companies after crises involving underground banks.

Hundreds of rioters confronted police, set fire to vehicles and hurled stones at public facilities in Huzhou, Zhejiang in a protest over rising local taxes. The trouble flared on Wednesday after reports of a confrontation between a factory owner and tax collectors. Photos: SCMP Pictures

More than 200 business owners in Zhejiang, the mainland's cradle of entrepreneurship, fled or went into hiding in the first nine months of this year after their flow of capital dried up, an official report says.

The mainland's internet regulator issued a new warning yesterday against online rumours that it says disrupt social stability, citing several false stories that had been widely circulated online, Xinhua reported.

More than 30 people have been detained and 100 sent for unspecified 'legal education' following three days of protests against pollution from a solar panel factory in Zhejiang province, a local government announced yesterday.

Dozens of people have been detained by police in the eastern industrial province of Zhejiang for taking part in a three-night demonstration against a New York-listed solar panel factory that was sparked by environmental concerns.